Longi(SH:601012) Jing Ji Guan Cha Wang·2025-05-26 11:39Core Viewpoint - Longi Green Energy has announced a significant management restructuring, with Li Zhenguo stepping down from his roles as director and general manager to focus on research and technology management, while the strategic direction of the company remains consistent [2][3][4]. Group 1: Management Changes - Li Zhenguo will concentrate on his role as the head of the Central Research Institute and Chief Technology Officer, leading the company's research and development efforts [4][6]. - Chairman Zhong Baoshan has taken over as the new general manager and legal representative of Longi Green Energy [3]. - The ownership structure remains unchanged, with Li Zhenguo and Li Xiyan holding a combined 19.10% stake in the company [3]. Group 2: Research and Development Focus - Longi Green Energy has significantly increased its R&D investment, reaching approximately 5 billion yuan in 2024, which accounts for 6.07% of its annual revenue [4]. - The company has achieved several breakthroughs in photovoltaic technology, including a world record for silicon battery conversion efficiency at 27.3% announced in May 2024 [4]. - Longi's commitment to maintaining a technological edge is underscored by its consistent R&D spending, which is higher than the industry average [6]. Group 3: Industry Context - The restructuring comes amid challenges in the photovoltaic industry, including overcapacity and financial losses in 2024 [5]. - Li Zhenguo emphasized the need for reflection and strategic adaptation in response to the industry's current difficulties, marking the company's 25th anniversary as a pivotal moment for reassessment [5][6]. - The company aims to navigate the industry's challenges by reinforcing its focus on technological innovation and maintaining a strong R&D foundation [6].